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Qatar’s Nakilat aiming to double staff to 10,000 by 2016

The Qatari shipping firm is also aiming to push its level of Qatarisation to 30 percent

(Photo for illustrative purposes only)

By Francesca Astorri

Wed 29 May 2013 10:10 AM

Qatar Gas Transport Company Ltd (NAKILAT), the Doha-based shipping company overseeing the world’s largest fleet of LNG vessels, is planning to double its labour force to 10,000 employees by 2016, its managing director told Arabian Business.

"We have around 5,000 people and we expect to really go away above 10,000 plus in a few years down the road. Once we get all the facilities completed we will be more than 10,000 people. We are doubling our staff in about three years" Muhammad Ghannam, managing director of Nakilat said in an interview in Doha.

Nakilat’s Qatari workforce is currently almost 20 percent at its head office, with plans to increase this to 24 per cent by the end of 2013, and the company is looking to increase this to 30 percent in the near future, Ghannam said.

Nakilat 2012 total profit from operations was QR746.5m ($205m), having assets worth QR30.9bn as of December 31, 2012. Established in 2004 as a joint stock company, Nakilat owns 54 LNG vessels, making it the largest LNG ship owner in the world.

A report by Lloyd’s Register this year said it expected the total tonnage of LNG ships to increase by 1.8 to three times what it currently is within a decade.